Geneva-based luxury goods group Richemont reported a 11% increase in sales at constant exchange rates (+5% at actual rates) for its 2025/26 year, closing at the end of March, at EUR 22,4 billion. At EUR 3.5 billion, the profit for the year’s continuing operation is up 27%. The trend for the fourth quarter remained positive with sales up 13% at constant exchange rates. This robust performance in a challenging environment was secured thanks to the Jewellery Maisons (Cartier and Van Cleef & Arpels, in particular), with sales of EUR 16,5 billion, up 14% at constant rates and 8% at actual rates. At EUR 3.1 billion, sales of Specialist Watchmakers were down by 4% at actual rates but slightly up at constant rates. For reference, Swiss watch exports were down 1.7% to CHF 25.5 billion in 2025.
The trend observed over the past few years has continued for Richemont, with growth being driven by the strong momentum of its jewellery Maisons. If the situation for the watch business was overall stable in a challenging environment, Richemont reports an improvement for the second part of the year, highlighting in particular the performance of A Lange & Söhne, Jaeger-LeCoultre and Vacheron Constantin, some of its most high-end watchmakers. Early this year, Richemont announced it had divested itself of Baume & Mercier by selling the brand to Damiani Group.
From a geographical sales perspective, Richemont reported full-year sales growth across all regions, led by the Americas, followed by the Middle East & Africa. Sales in the Americas increased by 8% at actual exchange rates and by 17% at constant exchange rates, while the Middle East & Africa region posted growth of 6% at actual rates and 13% at constant exchange rates. Sales in Europe were up 7% at actual exchange rates and 9% at constant exchange rates. In the Asia-Pacific region, sales increased by 1% at actual rates and 8% at constant rates, with Richemont notably highlighting slight growth in China, Hong Kong, and Macau on a constant-currency basis. Sales through distribution channels increased for all networks, with gains of +12% for retail, +8% for online sales, and +9% for Wholesale and Royalty income.
For more details, please visit www.richemont.com.